Ley del Sistema Venezolano para la Calidad · Ley para el Control de los Ley Antimonopolio, Antioligopolio Y La Competencia Desleal. Competition is more commonly known as the ‘Ley Anti-Monopolio’. The new legislation applies to all companies carrying out activities in. Venezuela, including. Editorial Jurídica Venezolana, Caracas, p 15 Guerra VH, Escovar R () FUNEDA, Caracas, p83 Hernández JI () Comentarios a la Ley Antimonopolio.
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In this case, the Superintendency must notify the parties, which have 15 business days which may be extended for 15 additional days to present evidence and arguments. Any transaction may be reviewed by the Superintendency, even conglomerate transactions. However, there is no official information about the number of cases.
It also allows you to accept potential citations to this item that we are uncertain about. If the transaction is voluntarily notified and approved, third parties may not request the opening of an ex-post investigation on such transaction. No decision on merger control has been appealed or overruled by the courts during the past five years. If the person intending to commence the tender offer directly or indirectly competes with the target, it must inform whether the transaction has obtained clearance by the Superintendency or, if the transaction was not notified, the reasons for the lack of notification.
As a matter of practice, how do the authorities investigate a transaction? The Venezuelan Capital Markets Law provides that any person intending to commence a tender offer of a listed company shall notify its intention to the Venezuelan Securities Authority.
Venezuela: la ley antimonopolio
See general information about how to correct material in RePEc. The transaction by which The Coca-Cola Company acquired the former Pepsi bottlers in Venezuela in was not notified and afterwards was challenged by Pepsi before the Superintendency Resolution No.
Collective dominance is not analysed in merger cases. Questions Applicable legislation and the competent authorities 1.
Venezuela: la ley antimonopolio – CNN Video
Download full text from publisher File URL: You can help correct errors and omissions. The request must be signed by an attorney. What is the legislation applicable to merger control and how long has merger control legislation been in force? Conatel may only approve a transaction if the opinion of the Superintendency is favourable. However, prior notification does not prevent consummation of the transaction. Interested in contributing antimonopoloo this Know-how?
It is possible to file a request for guidance on notifications antimonpolio to the legal department of the Superintendency.
E-mail our Co-Publishing Manager Related content. The investigation of a transaction that raises competition concerns may last between six months and one year.
Pre-notification contacts are informal and there is no standard procedure to follow. Can third parties appeal clearance decisions, and has this ever happened successfully? If the transaction breaches the competition rules, the Superintendency may order the divestiture or the selling of part of the assets and even the dissolution of the merger.
Transactions that are subject to merger control include any:. General contact details of provider: Where change in control is part of the test, what is the standard for defining control and changes thereof for pre-merger notification purposes? Economic efficiencies are also taken into consideration by the Superintendency.
How are they enforced? Conatel should decide on the approval of the transaction within four months, which may be extended for two additional months. The Superintendency generally meets some of the parties seeking to merge to clarify certain issues relating to the market and the filing.
Therefore, the lack of notification would not constitute a violation of the Venezuelan Competition Law and there are no penalties for not filing. More about this item Statistics Access and download statistics Corrections All material on this site has been provided by the respective publishers and authors.
Previous Back to top Back to question list. The Superintendency defines the relevant market affected by the transaction and the levels of concentration. Has this ever happened?
Venezuela – Reference – Latin Lawyer
The business law resource for Latin America. What sanctions can be imposed and on whom? There has not been any decision on merger control in the past 12 months.
Whom do they consult? How can parties productively participate in the evaluation and decision processes? Are there published guidelines for merger analysis?
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